WSE: Session Results

Polish equity market closed higher on Tuesday. The broad market benchmark, the WIG Index, surged by 0.36%. Within the WIG index performance was mixed, with utilities (+2.99%) outperforming and telecoms (-1.43%) lagging.

The large-cap stocks grew by 0.5%, as measured by the WIG30 Index. Within the index components, genco PGE (WSE: PGE) and clothing retailer LPP (WSE: LPP) recorded the biggest gains, up 5.32% and 5.15% respectively. Other major advancers were railway freight transport operator PKP CARGO (WSE: PKP), footwear retailer CCC (WSE: CCC) and two coal miners JSW (WSE: JSW) and BOGDANKA (WSE: LWB), adding between 3.03% and 5.06%. On the other side of the ledger, FMCG-wholesaler EUROCASH (WSE: EUR) led the decliners, tumbling by 4.96%, following the announcement the company faced objections from Poland's antimonopoly office UOKiK over its takeover of alcoholic beverages distributor PDA as the deal might infringe on competition on two local markets. It was followed by oil and gas producer PGNIG (WSE: PGN) and telecommunication services provider ORANGE POLSKA (WSE: OPL), losing 2.5% and 2.27% respectively.